USDCNH Strong momentum to the upside, target 6.67

29 มี.ค. 2021

I'm bullish on USDCNH for a while. Chinese Renminbi was strong last year due to the quick recovery from covid-19 crisis. Now it's the U.S. turn as more American people got vaccinated.

Not mention the investors' projection of rate hike to contain inflation.

Previously, I mentioned in my published idea that I'm concerned on CSI300 and Hang Seng index. The rising exchange rate of USDCNH will hurt the stock markets. I will eye on the uprising speed.

To be a qualified trader or investor, you got have your trading/investment framework which required standardized process to help us make informed trading/investment decisions. I'd like to explore the cause-effect relations between different assets or underlying. That will enhance my winning ratio and have a peaceful mind.

Enjoy your trade and give me a like and follow if you think my idea is useful.

1 เม.ย. 2021

บันทึก

It goes deep into the key supply zone. It's very likely that the zone will be broken through.